find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
ABL wins catch of the day in $80m tech deal

ABL wins catch of the day in $80m tech deal

Arnold Bloch Leibler acted for the owners of CatchoftheDay and Scoopon in the $80 million sale of a minority stake to a group of investors.

Arnold Bloch Leibler acted for the owners of CatchoftheDay and Scoopon in the $80 million sale of a minority stake to a group of investors including James Packer’s Consolidated Press Holdings and Andrew Bassat, co-founder and CEO of SEEK and New York hedge fund Tiger Global Management. 


The move is said to highlight the resurgence in tech investments sweeping the globe, underlined by the recent float of LinkedIn last week. 


The transaction is the largest growth capital investment in the Australian e-commerce sector to date, valuing the group at $200 million.


Launched in 2006, CatchoftheDay is now Australia’s number one on-line retail group. Their daily deals sites are based on offering highly discounted daily deals to customers, being product deals on the CatchoftheDay site and services deals on the Scoopon site.


CatchoftheDay founders, Gabby and Hezi Leibovich, will retain a controlling stake in the group, with Lee Fixel from Tiger Global and Jason Lenga from SEEK joining the CatchoftheDay board.

The matter was conducted by Arnold Bloch Leibler partner, Steven Klein, and lawyers, Jeremy Lanzer and Jason van Grieken.


Steven Klein said: “the success of the CatchoftheDay group is a testament to the innovation and business execution of both Gabby and Hezi”.


Jeremy Lanzer commented: “the Leibovich brothers have built a very impressive business in such a short period of time, and it was a pleasure to act for them in this important milestone for the CatchoftheDay group”.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

ABL wins catch of the day in $80m tech deal
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Jetski
Oct 23 2017
How to fail well
The legal profession is due for an attitude adjustment when it comes to perceived failures, accordin...
Consultation
Oct 23 2017
Lawyers slam rushed consultation for SA repeat offenders bill
The Law Society of South Australia has expressed concern for a proposal to roll out new laws amendin...
IBA
Oct 23 2017
The pursuit of happiness in the law
A panel of legal experts have explored how to define success in the legal profession, and how lawyer...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...